Innovate (VATE) FCF Margin (2010 - 2025)
Innovate (VATE) posted FCF Margin of 24.46% for Q4 2025, up 644.68% on a QoQ basis from 3.28% in Q3 2025, and up 1000.0% year-over-year from 2.22% in Q4 2024.
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Innovate (VATE) FCF Margin (2010 - 2025) Analysis & Trends
Innovate has reported FCF Margin for 16 years, with the latest figure at 24.46% in Q4 2025.
- On a quarterly basis, FCF Margin rose 1000.0% year-over-year to 24.46% in Q4 2025; TTM through Dec 2025 was 9.67%, a 1057.0% increase from a year earlier, with the FY2025 full-year figure at 9.67%, up 1057.0% from the prior year.
- FCF Margin was 24.46% for Q4 2025 at Innovate, up from 3.28% in the prior quarter.
- The five-year high for FCF Margin was 24.46% in Q4 2025, with the low at 25.39% in Q1 2023.
- Average FCF Margin over 5 years is 0.73%, with a median of 3.23% recorded in 2023.
- The largest YoY upside for FCF Margin was 9301 bps in 2021 against a maximum downside of 3160 bps in 2021.
- Over 5 years, FCF Margin stood at 16.72% in 2021, then dropped by 15 bps to 14.24% in 2022, then advanced by 10 bps to 15.71% in 2023, then dropped by 8 bps to 14.45% in 2024, then surged by 69 bps to 24.46% in 2025.
- The last three FCF Margin figures came in at 24.46% (Q4 2025), 3.28% (Q3 2025), and 14.17% (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ferrovial | 40.46 Bn | 37.11 Bn | - | - |
| 2 | Emcor | 34.53 Bn | 33.61 Bn | 1.02 Bn | 5.01% |
| 3 | Jacobs Solutions | 16.62 Bn | 15.43 Bn | 810.70 Mn | 10.57% |
| 4 | Sterling Infrastructure | 15.68 Bn | 15.25 Bn | 289.96 Mn | 9.62% |
| 5 | Aecom | 8.18 Bn | 7.37 Bn | -34.04 Mn | 1.53% |
| 6 | Stantec | 7.95 Bn | 7.95 Bn | 1.36 Bn | 3.73% |
| 7 | Fluor | 7.35 Bn | 4.40 Bn | 179.00 Mn | -7.48% |
| 8 | Argan | 5.81 Bn | 5.26 Bn | 74.22 Mn | 23.89% |
| 9 | Installed Building Products | 5.43 Bn | 5.03 Bn | 258.90 Mn | 6.67% |
| 10 | Innovate | 97.81 Mn | 24.61 Mn | 79.50 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 24.46% |
| Sep 30, 2025 | 3.28% |
| Jun 30, 2025 | 14.17% |
| Mar 31, 2025 | -6.86% |
| Dec 31, 2024 | 14.45% |
| Sep 30, 2024 | -13.01% |
| Jun 30, 2024 | 5.88% |
| Mar 31, 2024 | -9.84% |
| Dec 31, 2023 | 15.71% |
| Sep 30, 2023 | 5.44% |
| Jun 30, 2023 | 3.17% |
| Mar 31, 2023 | -25.39% |
| Dec 31, 2022 | 14.24% |
| Sep 30, 2022 | -12.96% |
| Jun 30, 2022 | 8.75% |
| Mar 31, 2022 | -16.47% |
| Dec 31, 2021 | 16.72% |
| Sep 30, 2021 | -5.17% |
| Jun 30, 2021 | -6.69% |
| Mar 31, 2021 | -15.37% |